Stuart Riley
04/06/2024 · Primary School
2. What will be the compound interest earned on an amount of Rs. 5000 in 2 years? I. The simple interest on the same amount at the same rate of interest in 5 years is Rs. 2000 . II. The compound interest and the simple interest earned in one year is the same. III. The amount becomed more than double on compound interest in 10 years. (A) I only (B) I and II only (C) II and III only (D) I and III only (E) None of these
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The correct answer is (B) I and II only.
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